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by modified eutectic
Mon Jun 21, 2004 1:21 pm
Forum: SWR Research Group
Topic: Reality Matters
Replies: 5
Views: 7910

The reality is that the SWR changes each time valuation levels change. When valuation levels go up, the SWR goes down. When valuation levels go down, the SWR goes up. This line of reasoning implicitly assumes that these changes in valuation will, at some point in the withdrawal period, be cancled o...